Detroit Diesel Heads Overseas For Business

January 11, 1989

Detroit Diesel Corp. Chairman Roger S. Penske said his firm has assumed responsibility for the overseas heavy-duty diesel engine business previously carried out by General Motors Corp. and its overseas subsidiaries. Detroit Diesel has formed a trading company and wholly owned overseas units in Singapore and Switzerland. Detroit Diesel is a joint venture, 80 percent owned by Penske Transportation Inc., of Wilmington, Del., and 20 percent by GM.